The Potential Results

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The Potential Results

  1. 1. Top Ten State: Characteristics Playing “Offense” • Efficient & cost-effective service Efficient, Stable delivery Government • Stable and predictable fiscal A “Top Ten” Michigan would look environment like a very different state than the path we are currently following. Competitive Rather than playing “defense” by • Efficient & competitive tax system Business focusing on how to allocate • Competitive business costs shrinking resources or retain Environment young people and jobs, Michigan would play “offense” by growing • Highly educated students strategic assets and attracting Strategic Assets • World-class higher education new investments that grow • Good highways & airports • Attraction of the Great Lakes & cities incomes. • “One Michigan” style of doing Cohesive business • Support for all businesses Michigan Turnaround Plan 36
  2. 2. Top Ten: Where We Could Be 2007 (BEFORE CURRENT RECESSION) IF WE HAD BEEN IN TOP TEN (in 2007) Per Capita • $34,423 • $41,203 Per Capita Income • Rank: 33rd Income • $6,780 more per person Job Growth Job Growth • 2.4% • -1.3% (Private, • Rank: 50th (Private, 2006- • 883,000 more jobs 2006-2007) 2007) between 2000-2007 • 7.1% • 3.4% Unemployment Unemployment • 186,447 fewer • Rank: 50th unemployed people Note: Rankings do not include the District of Columbia; See source notes Michigan Turnaround Plan 37

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